What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide. Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years. For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams. She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

riddler- Posted on Tuesday, March 25, 2014
On behalf of all the BANKS OF AUSTRALIA we would like to say not from the bottom but from the very top of our hearts a very warm thank you and the very kindest of regards for without you we could not have achieved the greatest heights of criminal misbehavior, massive fraud and general raping an pillaging of commoners bank accounts that you allowed us to achieve.
So it is with almost a tear in my eye (if I had feelings) that I extend this gloved hand (thieves always wear gloves) of gratitude to you the BANKS FRIEND AND CONFIDANT and adviser of taking questions on notice SO THANK YOU from all of us Bankers and all the BROKERS that haven't worked it out yet, but keep bring in more clients to rob.........................and, Thank you Thank you Thank you ASIC.
Your Mission Statement will hang proudly on our wall to remind...

The Four Major Banks preyed upon Low Income families and targeted ARIPs (its in their promotional material) ASSET RICH AND INCOME POOR. Some of the vulnerable were disabled at the time of the lending and are disabled now in their battles with these heartless greedy banks. Pensioners and Battlers - everyone was fair game and Brokers taught by BDM's banks will loan to anyone who asks.....................but especially older persons who own their own home.....banks are just HELPING PEOPLE!!!!
Westpac and RAMs were perhaps the worst of the worst.
It all sounded so innocent. Now Brokers are coming forward and realising they have been done over by banks and clawbacks. Loans last only long enough to see the commissions being clawed back. More lives in ruins - all except Bankers of course.
A decent Broker explained what we hear often: "The motivation for moving into the mortgage broking area was first-hand experience in how badly...